£50,931
This estimated value is based upon the latest sale price for the house of £39,950 on 27 Jul 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £39,950 | 27 Jul 2017 |
| Freehold |
| Floor Area: 63 sq meters or 678 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in July 2017 the House Price Index for TYNE AND WEAR was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £39,950 results in an estimated price of approximately £50,931.
| 27 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £39,950 | £10,981 | £50,931 |
The Postcode Pricing Model uses changes in average sales price within the SR4 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 43.073 % | £17,207 | £57,157 |
| 3 Month Average | 31.578 % | £12,615 | £52,565 |
| 6 Month Average | 19.746 % | £7,888 | £47,838 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Aug 2023 | £92,812 | £92,000 | 3 VALE STREET |
| 29 Jun 2023 | £124,508 | £123,000 | 20 FERNVILLE STREET |
| 2 Jun 2023 | £91,104 | £90,000 | 12 VALE STREET |
| 28 Apr 2023 | £81,882 | £81,000 | 13 FERNVILLE STREET |
| 1 Mar 2023 | £71,675 | £71,000 | 11 VALE STREET |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 11 Jan 2013. Using an estimated price of £50,932 means this house is valued at £808 per sq meter (£75 per sq foot).
The average size of a house on BURNVILLE ROAD is 101 sq meters (1,094 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Burnville Road |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Beachcross Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Beachcross Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Beachcross Road |
| Mar 2024 | Robbery | Under investigation | On or near Fernville Street |